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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
-20.36%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$9.07B
AUM Growth
-$3.03B
Cap. Flow
-$67.8M
Cap. Flow %
-0.75%
Top 10 Hldgs %
24.73%
Holding
965
New
18
Increased
32
Reduced
868
Closed
22

Top Buys

Rank Stock Value
1
SPG icon
Simon Property Group
SPG
+$198M
2
AAPL icon
Apple
AAPL
+$87.1M
3
META icon
Meta Platforms (Facebook)
META
+$84.1M
4
JPM icon
JPMorgan Chase
JPM
+$68.1M
5
ATH
Athene Holding Ltd. Class A Common Shares
ATH
+$61.7M

Top Sells

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$157M
2
EG icon
Everest Group
EG
+$47.9M
3
EEFT icon
Euronet Worldwide
EEFT
+$35.6M
4
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$32.1M
5
RTX icon
RTX Corp
RTX
+$29.4M

Sector Composition

Rank Sector Weight
1 Technology 19.9%
2 Financials 14.15%
3 Healthcare 13.94%
4 Communication Services 9.15%
5 Consumer Discretionary 7.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SF
701
Stifel
SF
$12.7B
$780K 0.01%
42,525
-2,700
-6% -$67.6K
IVZ icon
702
Invesco
IVZ
$14.1B
$775K 0.01%
85,355
-4,700
-5% -$71.4K
ACIW icon
703
ACI Worldwide
ACIW
$5.32B
$774K 0.01%
32,050
-2,000
-6% -$63.8K
DXC icon
704
DXC Technology
DXC
$1.74B
$766K 0.01%
58,700
-3,200
-5% -$84.6K
PII icon
705
Polaris
PII
$4B
$766K 0.01%
15,900
-1,000
-6% -$82K
RL icon
706
Ralph Lauren
RL
$23.9B
$765K 0.01%
11,441
-600
-5% -$63K
BLKB icon
707
Blackbaud
BLKB
$2.09B
$761K 0.01%
13,700
-800
-6% -$56.6K
WEN icon
708
Wendy's
WEN
$1.4B
$760K 0.01%
51,043
-3,100
-6% -$61K
PSB
709
DELISTED
PS Business Parks, Inc.
PSB
$759K 0.01%
5,600
-300
-5% -$46.7K
FSLR icon
710
First Solar
FSLR
$26.3B
$757K 0.01%
21,000
-393,473
-95% -$18.7M
PNFP icon
711
Pinnacle Financial Partners Inc
PNFP
$15.9B
$751K 0.01%
20,000
-1,200
-6% -$65K
TXRH icon
712
Texas Roadhouse
TXRH
$13.7B
$748K 0.01%
18,100
-1,100
-6% -$60.8K
MVIS icon
713
Microvision
MVIS
$90.2M
$746K 0.01%
288,413
– –
BHF icon
714
Brighthouse Financial
BHF
$3.41B
$734K 0.01%
30,380
-1,800
-6% -$63.7K
NUVA
715
DELISTED
NuVasive, Inc.
NUVA
$730K 0.01%
14,400
-900
-6% -$60.3K
CLH icon
716
Clean Harbors
CLH
$16.4B
$729K 0.01%
14,200
-900
-6% -$65.7K
NVT icon
717
nVent Electric
NVT
$27.2B
$729K 0.01%
43,202
-2,600
-6% -$60.6K
BCO icon
718
Brink's
BCO
$4.67B
$723K 0.01%
13,900
-800
-5% -$62.5K
KEX icon
719
Kirby Corp
KEX
$7.04B
$722K 0.01%
16,600
-1,000
-6% -$68K
SRC
720
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$722K 0.01%
27,600
-1,700
-6% -$76.9K
FLS icon
721
Flowserve
FLS
$10.3B
$716K 0.01%
29,975
-1,700
-5% -$68.6K
JBLU icon
722
JetBlue
JBLU
$2.21B
$716K 0.01%
80,023
-4,900
-6% -$81.2K
SNV
723
DELISTED
Synovus
SNV
$713K 0.01%
40,605
-2,500
-6% -$77K
COHR
724
DELISTED
Coherent Inc
COHR
$713K 0.01%
6,700
-400
-6% -$55.9K
TCO
725
DELISTED
Taubman Centers Inc.
TCO
$712K 0.01%
17,000
-1,000
-6% -$41.7K
27 28
29
30 31

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 1-Year Est. Return

State of Michigan Retirement System's Q1 2020 Portfolio in Review

As of Q1 2020, State of Michigan Retirement System held 965 positions worth $9.07B, down 25% from $12.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Trading was light in Q1 2020: portfolio turnover was 4.1%. State of Michigan Retirement System opened 18 new positions and exited 22, leaving the 965-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q1 2020 buy was National General Holdings Corp: 1,300,000 shares worth $21.5M.
  • State of Michigan Retirement System added most to Simon Property Group in Q1 2020, an estimated $198M increase.
  • State of Michigan Retirement System's biggest Q1 2020 reduction was Everest Group, cutting an estimated $47.9M.
  • State of Michigan Retirement System fully exited Annaly Capital Management in Q1 2020, selling an estimated $157M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $9.07B portfolio in Q1 2020.
  • State of Michigan Retirement System opened 18 new positions and closed 22 in Q1 2020.
  • State of Michigan Retirement System's portfolio value fell 25% quarter-over-quarter to $9.07B.

Based on State of Michigan Retirement System's 13F filing for Q1 2020, filed 28 Apr 2020.